Pekoleum Development Oman LLC has awarded Galfar the "Off- plot Delivery Contract Qarn Alam" via a Letter of Award (LoA) that was formally accepted by both parties on May 25, 2023 and annual from PDO to disclose was confirmed on A4lA6/2An. The company estimate the value of this call-off contract to be approxirnately Two Hundred and Eighty (280) $3 million Omani Rial for an execution period of 7 Years. If the extension option ol three (3) years is approved and implemented.

the potential associated additional contract value is estimated to be One Hundred and Trventy (120) Million Omani Rial.